We're buyers | 11 Enero 2023
11 Enero 2023, EUR/USD
Wave Analysis
EURUSD has been on an uptrend for the past few days, it tends to be forming an impulsive 5wave pattern the market is currently at major impulsive wave IV,1.04821, and it moved from major wave III,1.07306 to major wave IV, 1.04821 in the form a corrective channel, this is a clear sign that buyers are still in control and I expect an impulsive move from 1.07040 to the upside up to 1.10463 to complete an impulsive 5wave pattern. You can place a buy order at the break of major wave III , with your stop loss at 1.05633, and take a profit at.1.011071.
Trade Recommendation We're buyers
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
